Profitable Classic Car Business Ready for Next Owner

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Owners Ready to Retire and Willing to Assist New Owner(s) Continue the Legacy!
Asking Price:
$280,000

Gross Revenue:
$1,779,387
Cash Flow:
$160,942
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$150,000
not included in asking price

FF&E:
$70,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

After more than 10 years of consistently profitable business they loved and started, the owners are ready to retire. The primary business is the retail sales of Corvettes and Classic Cars, but also performs service, mainenance and restorations with total annual revenue of about $2 million. Housed in an 11,000 square foot leased facility, the location has excellent roadway exposure on a major interstate expressway (Route I-55). The strong existing customer base, historical performance and well-trained staff makes this an opportunity that must be explored by entrepreneurs, investment companies or as an addition to an existing auto group company. Being one of three coast to coast locations, Corvette Mike has a very strong name recognition as well as an outstanding reputation for the quality of sales and services they provide. Asking price excludes inventory.

About the Business

Number of Employees:
7
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About the Sale

Reason For Selling:
retiring
Training/Support:
4 weeks

Listing Info

ID:
1531472
Ad Detail Views:
204

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Business Listed by

Steven Eschbach

Transworld Business Advisors of Naperville

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